Alere announces two transactions to further strengthen its core business strategy Alere Inc.
Alere announces two transactions to further strengthen its core business strategy Alere Inc. , a global leader in speedy diagnostics, announced today two transactions that further strengthen the Company's concentrate on its primary business strategy. On July 2, 2015, Alere signed an agreement to sell its BBI business to Exponent Personal Equity LLP, a UK-based private equity firm, for a complete purchase price of approximately $164 million, based on forex rates on that day, including up to $47 million in contingent factor Diagnosis . The ultimate purchase price is at the mercy of an operating capital adjustment. BBI Group provides services and products for the diagnostic, healthcare, research, food and defense industries globally.
Alere first quarter net revenue increases to $582.5 million Alere Inc. , a global leader in enabling people to take charge of their health in the home through the merger of fast diagnostics and health administration, today announced its economic results for the quarter ended March 31, 2011. Financial results for the first quarter of 2011: Net income of $582.5 million for the first quarter of 2011, compared to $515.3 million for the initial quarter of 2010.Product and services revenues from our Professional Diagnostics segment were $409.8 million in the first quarter of 2011, compared to $336.2 million in the first quarter of 2010.8 million of incremental net revenue when compared to first quarter of 2010.North American influenza sales increased to $19.5 million for the 1st quarter of 2011, compared to $2.3 million for the 1st quarter of 2010.Excluding the impact of the noticeable change in North American influenza revenues, currency modified organic growth in our Professional Diagnostics segment was 6.9 percent.Altered cash-basis gross margins had been 55.8 percent for the first quarter of 2011, compared to 57.0 percent for the first one fourth of 2010 and 55.3 percent in the fourth quarter of 2010.6 percent in the first quarter of 2011, in comparison to 60.1 percent in the fourth one fourth of 2010.6 percent in the fourth quarter of 2010 to 49.0 percent in the first one fourth of 2011.GAAP net gain of $8.1 million attributable to common stockholders of Alere Inc.